DSLA Protocol

Halal Rating :
Comfortable
Contract: 0x3affcca64c2a6f4e3b6bd9c64cd2c969efd1ecbe
Last Price $0.00024 Last updated:
Rank 1876
1D Change -0.83 %
Market Cap $1.31m
Circulating supply 5,491,802,966
Maximum supply 5,831,304,407

Crypto Overview

Categories
  • Collectibles & NFTs
  • DApp
  • Insurance
  • Ethereum Ecosystem
  • Avalanche Ecosystem
  • Polygon Ecosystem
  • Fantom Ecosystem
  • Arbitrum Ecosystem
  • Harmony Ecosystem

Purpose and Utility

DSLA Protocol is a risk management framework that enables service providers and consumers to hedge against service level agreement (SLA) breaches by creating and trading derivatives. The DSLA token is used for governance, staking, and as a medium of exchange within the protocol's ecosystem.

Business Model Analysis

The protocol aims to provide a legitimate service by allowing the creation of service level agreements and compensating parties when those agreements are breached. This aligns with halal principles as it involves real utility exchange and risk management rather than speculative gambling.

Real-World Adoption

The protocol has established partnerships with several blockchain networks and service providers. It is actively used for creating and managing SLAs, particularly in the context of staking services and network uptime guarantees.

Development Activity

The project maintains active development on GitHub, with regular updates to the protocol and documentation. The team continues to expand the protocol's capabilities and use cases.

Token Distribution

The token distribution appears reasonable with no concerning concentration in founder or early investor wallets. There are vesting schedules in place for team allocations.

Technology and Revenue Model

The core technology revolves around smart contracts that automate service level agreements and compensation. The revenue model is based on legitimate service provision rather than interest-bearing mechanisms.

Rating Justification

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